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Please tell me about service tax? And service tax latest
rate?
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Answer Posted / gulzar singh ( gulzar.thpl@gma
service tax means tax which is charged on sernvices. (for
exp. labour provide, telephone services, Technical and
prosessional servises, Transpotation services, Security
services etc.)
The service Provider charge this tax in his bill to service
receiver. then service privider deposit this tax in Govt.
a/c on or before 5th of the following month.
Service Tax Rate for the financial Year 2012-13
is @ 12.36% ( Basic rate12% + Edu. cess 2% +Hr. Edu. cess
1%)
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